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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5006 29 St Del City, OK 73115

    • Commercial real estate
    • 1.46 lot acres
    For Sale
    View listing
    $199,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-2150969
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5006 29 St

    Year built
    2000
    Lot size
    1.46 lot acres
    Property type
    Commercial real estate
    APN
    21-423-1040
    APU
    214231040

    Description

    This exceptional 1.42-acre commercial land parcel presents a unique investment opportunity in Del City, Oklahoma. Located at 5006 SE 29th St, 73115, this property boasts an ideal location with easy access to I-40, ensuring high visibility and convenient access for customers and employees. The lot's strategic placement behind a KFC restaurant in a high-traffic retail area guarantees significant exposure to potential clientele. Zoned A-C Arterial Commercial, this property offers considerable flexibility for a wide range of commercial developments. The L-shaped configuration of the lot provides ample space for creative design and efficient use of the land. The asking price is $199,000. This property is situated in Oklahoma County and offers excellent potential for businesses seeking a prominent location with strong traffic flow and convenient highway access. Its prime location and zoning make it an attractive investment for both established businesses and new ventures seeking a strategic foothold in a thriving retail corridor. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Del City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4276
    Latitude
    35.4343
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,267
    $7,065
    $4,198
    $11,263
    -
    $65,885
    $39,151
    $105,036

    Comparable in this City

    • Value Estimation
      $275,000
      2.20 Acres

      3109 29th St

      COMMERCIAL (GENERAL) • 2.20 Acres
      3109 29th St, Del City, OK 73115-1603
      View Details
    • Value Estimation
      $285,000
      20,000 SF

      5476 Main St

      COMMERCIAL (GENERAL) • 20,000 SF
      5476 Main St, Del City, OK 73115-5522
      View Details
    • Value Estimation
      $395,000
      5,572 SF

      5436 Main St

      COMMERCIAL (GENERAL) • 5,572 SF
      5436 Main St, Del City, OK 73115
      View Details
    • Value Estimation
      $365,000
      6,265 SF

      5480 Main St

      COMMERCIAL (GENERAL) • 6,265 SF
      5480 Main St, Del City, OK 73115-5516
      View Details
    • Value Estimation
      $285,000
      4.35 Acres

      3208 30th St

      COMMERCIAL (GENERAL) • 4.35 Acres
      3208 30th St, Oklahoma City, OK 73115
      View Details
    • Value Estimation
      $350,000
      5,592 SF

      4404 29th St

      COMMERCIAL (GENERAL) • 5,592 SF
      4404 29th St, Del City, OK 73115-3303
      View Details

    Similar Nearby for Sale

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      Del City Commercial Land - 0.5 Acres

      Prime Del City land near Tinker AFB. Seller financing available.
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    • $800,000
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      Del City Retail Investment Opportunity

      9,000 SF retail space, 77% occupied, prime location.
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      Commercial Land with High Visibility

      Highly visible commercial land in active retail corridor.
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    Similar Nearby for Lease

    • $10 SF/Yr
      18,384 SF

      Ponderosa Plaza: Del City Retail

      Prime Del City retail space available.
      4330 29 St, Del City, OK 73115
      View Details
    • $14 SF/Yr
      1,933 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease near Del City High.
      1911 S Sunnylane Rd, Oklahoma City, OK 73115
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    • $16 SF/Yr
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      Mid Del Plaza Retail Space

      Oklahoma City Retail Center, 2 Suites Available
      5529 15Th St, Oklahoma City, OK 73115
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    • $15 SF/Yr
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      Del City Retail Center Investment

      Prime Retail Space, High Traffic Area
      5001 Main St, Del City, OK 73115
      View Details
    • Contact for pricing
      2,922 SF

      Restaurant Space Near Tinker AFB

      Freestanding restaurant with drive-thru near I-40 and Tinker AFB.
      5550 Tinker Diagonal, Oklahoma City, OK 73115
      View Details
    • $15 SF/Yr
      17,220 SF

      Retail Space Near Tinker AFB

      Retail space available near Tinker Air Force Base and Interstate 40.
      5501 Main St, Oklahoma City, OK 73115
      View Details
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    5006 29 St
    Del City, OK 73115
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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